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00:00. I WANT TO GET YOUR VIEW ON THE DEAL CHINA COULD BE FAVORING. HIS SHOT CHINA SHOWING A STRENGTHENING HAND HERE? > > YES I THINK IF YOU LOOK AT WHAT IS HAPPENING BETWEEN U.S. AND CHINA, AND WHAT IS HAPPENED DOMESTICALLY. WHETHER IT IS HONG KONG AND CHINA OR THE IMPEACHMENT PROCESSED, BOTH PARTIES ASSESSING WHETHER THEIR PALOOKA POSITION IS WEAKER. AND MAY BE A PARTIAL DEALS BETTER THAN NO DEAL AT ALL. IN OUR VIEW, I THINK WE HOPE IT WILL COME TRUE WITH A PARTIAL DEAL AS WE SAW WITH JAPAN AND THE U.S.. > > WHAT ABOUT THE IMPEACHMENT. WHAT FACTOR DOES THAT HAVE IN THIS WHEN WE ARE ABOUT TO SAY THESE TALKS KICK OFF IN WASHINGTON. > > THE IMPEACHMENT PROCESS, PROBABLY THE IMPOSSIBLY THAT TRUMP BE IMPEACHED. IF THE HOUSE WILL CONVICT -- THE HOUSE WILL CHARGE BUT THE SENATE WILL CONVICT AND WE THINK IS IMPOSSIBLE FOR DOCKET TO HAPPEN. BUT IN THE PSYCHE OF THE CHINESE LEADERS THEY PROBABLY HAVE A LOT ON THEIR PLATE, AND ELECTION-YEAR, THEY MIGHT WANT TO DO A SMALL DEAL. > > AND YOU STARTED IN SEPTEMBER BECOMING LESS BEARISH. OVERWEIGHT ON E.M., EXITING TRAGEDIES AND HEDGES. -- EXITING TREASURIES AND BOLD HEDGES. WE ARE SEEING YIELDS TUMBLING AGAIN CAN YOU AFFORD TO MISS OUT ON THIS RALLY? > > WE STILL HAVE TREASURIES. BUT LESS SO THE U.S. GOVERNMENT. PROBABLY 40% LESS IN THE US TREASURIES. WE HAVE GOVERNMENT BONDS AND OTHER COUNTRIES. PARTICULAR THE IN EMERGING MARKETS. WE ARE NOT SHIFTING OUR GOVERNMENT BONDS POSITION. WE ARE INCREASING HOLDINGS IN OTHER COUNTRIES SUCH AS AUSTRALIA AND EUROPE AND EMERGING MARKETS. .

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We Hope to See a Partial Deal Between U.S., China, Says Covenant Capital’s CIO

Edward Lim, chief investment officer at Covenant Capital, discusses the U.S.-China trade negotiations and where he sees them heading. He speaks on “Bloomberg Market: Asia.” (Source: Bloomberg)

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